With the league’s new year set to start on March 11, expect the other 31 teams around the NFL to follow suit with cost-cutting moves of their own before the 2014 contracts go into effect.

Let’s take a look at some big names who could become cap casualties over the next few weeks (cap savings in parentheses and are based on compensation listed at spotrac.com):

Julius Peppers, Chicago Bears ($9.8 million)

The 34-year-old Peppers showed some signs of life late last year, collecting 6 sacks in the last five games of the season. Despite the little resurgence, Peppers’ skills look to be in decline and he will cost the Bears more than $18 million in cap space next season. Chicago is in desperate need of talent all across its defense and concentrating a sixth of their cap space on one player would not be an efficient use of money.

The Bears could save close to $10 million in cap room by cutting or trading Julius Peppers. Brace Hemmelgarn-USA TODAY Sports.

Sanchez, Holmes and Cromartie are due a combined $38.8 million in 2014 after each of them put up their least productive season as professionals in 2013. Jets coach Rex Ryan received a multi-year deal in January — although it’s only guaranteed through 2015 — so he may be less inclined to keep veterans around in order to make a playoff push.

Sanchez is clearly not the answer behind center, and New York can save $8.3 million by letting him go. Holmes will turn 30 in March and has played just 15 games over the last two seasons — cutting the veteran receiver will save the team $8.25 million. Cromartie will provide the most savings at $9.5 million. He’ll turn 30 in April and is coming off a terrible season.

Terrell Suggs, Baltimore Ravens ($7.8 million)

Suggs made another Pro Bowl this year, but that was largely on the back of a stellar start to the season. After piling up nine sacks in the first half of the season, he managed just one in the second half. Suggs is still a valuable player at the age of 31, but the Ravens have holes in their offense that need filing — and that money would help a lot. Courtney Upshaw, a second round pick in 2012, would be the obvious in-house replacement, but Baltimore would likely look elsewhere for Suggs’ successor.

Terrell Suggs may have played his last game for the Ravens. Evan Habeeb-USA TODAY Sports

DeMarcus Ware, Dallas Cowboys ($7.5 million)

Ware is another aging pass rusher who’s due a big paycheck next season. He was bogged down by injuries last year and finished with just 6 sacks in 13 games. The Cowboys will retain defensive coordinator Monte Kiffin and his 4-3 defense, which might not be a good fit for Ware at this point in his career. If Dallas keeps him around, Ware is set to make $16 million in 2014.

Champ Bailey, Denver Broncos ($10 million)

None of Bailey’s $10 million salary is guaranteed, so the Broncos could easily part ways with the future Hall of Famer. Bailey has expressed his desire to stay in Denver, but he’ll need to take a significant pay cut in order to do so. If the Broncos do stick with the 35-year-old, a move to safety might be necessary.

With his skills in decline, Champ Bailey will have to take a pay cut to stay in Denver. Thomas Campbell-USA TODAY Sports